DAILY COMMODITY MARKET STRATEGY-23 APR

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BASE METAL WRAP: Nickel climbed to a 14-month high on concern the collapse of an accord to ease tension between Ukraine and Russia may lead to disruptions in global supply that was already curbed by an Indonesia export ban.

ENERGY WRAP: West Texas Intermediate traded near a two-week low as a manufacturing gauge signaled a fourth month of contraction in China, the world’s second-biggest oil user. Brent was steady in London.

PRECIOUS METAL WRAP: Gold traded above a 10-week low as improvements in the U.S. economy were weighed against tension in Ukraine and signs of higher demand in China. Assets in the largest exchange-traded product held at the lowest in 12 weeks.
 
GLOBAL EVENTS TO WATCH: CPI q/q, HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Core Retail Sales m/m, Flash Manufacturing PMI, New Home Sales, Crude Oil Inventories.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:3040
SUP2:2975
RESIST1:3210
RESIST2:3260
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:405
SUP2:400
RESIST1:412
RESIST2:418
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:9800
SUP2:9600
RESIST1:10450
RESIST2:10700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:6195
SUP2:6140
RESIST1:6340
RESIST2:6420
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (MAY) OVERVIEW:
TREND BULLISH
SUP1:6810
SUP2:6600
RESIST1:7050
RESIST2:7320
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:28480
SUP2:28200
RESIST1:29000
RESIST2:29150
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:4345
SUP2:4285
RESIST1:4520
RESIST2:4700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:41500
SUP2:40300
RESIST1:42800
RESIST2:43450
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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